How CERC default feeds into broader EM concerns

China Energy Reserve and Chemical's bond default shows credit risk in China is rising and spilling over into international markets, so bond investors need to be increasingly selective.

Fears that more Chinese corporate borrowers are likely to default in the coming months and years have cranked up a notch after China Energy Reserve and Chemical (CERC) failed to repay its dollar bond, spreading some of the disquiet that has been rumbling onshore in China onto offshore markets.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media